Business & Tech

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RTL Lëtzebuerg

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Business & Tech

Coverage of business, technology, and finance, from global markets to the latest tech and AI news.

Donald Trump warned he will impose 25 percent tariffs on imported cars

Stock markets pressured by Trump auto tariff threat

Senators also pushed Lori Chavez-DeRemer to defend President Donald Trump's flurry of executive actions, which critics have denounced as unlawful

Democrats opposed

Trump's labor nominee walks back pro-union stances

The minutes of the Fed meeting did not refer to US President Donald Trump by name

Trade and immigration proposals

US Fed officials worried Trump policies could hinder inflation fight: minutes

Apple's iPhone is facing intense competition in China, where Alibaba Group has confirmed an artificial intelligence partnership with the Silicon Valley tech titan

Apple adds lower-price iPhone 16e to line-up

Maros Sefcovic, European Commissioner for Trade and Economic Security, said the EU sees no justification for sudden, unilateral US tariff increases

EU trade chief says bloc will respond swiftly to US tariffs

Some 92 percent of Ikea customers shop both online and in-store

Following shrinking period

Ikea hopes for furniture market improvement in 2026

The German VDA auto lobby described Trump's announcement as a 'provocation' and warned that tariffs could rebound on the United States

Trump auto tariff threat prompts pushback in Germany

Arsenal posted a £17.7m loss in 2023/2024 despite club record revenues of over £600 million

Improving from previous year

Arsenal post £17.7m loss despite record revenues

Prime Minister Justin Trudeau says Canada's debut high-speed rail line will be a 'big and bold' national undertaking

'Big and bold' project

Canada announces first high-speed rail: Toronto to Quebec City

Italian authorities had accused Google of failing to declare and pay taxes on advertising income generated in the country

Criminal proceedings dropped

Google pays 326 mn euros to settle Italy tax dispute: prosecutor

The net loss in 2024 is a far cry from the record proft of $34.1 billion it posted in 2022 thanks to surging energy prices following Russia's invasion of Ukraine

Glencore looks to leave London Stock Exchange as falls into loss

Months of protests last year saw farmers irked at regulatory burdens, squeezed revenues and what they see as unfair competition from less-regulated overseas rivals

Appeasing farmers

EU eyes stricter food import rules in agriculture policy review

BAE Systems, Europe's largest defence contractor, makes a large range of munitions including NATO-standard 155mm artillery shells

Five percent rise

BAE profits boosted by defence spending amid Ukraine war

The net loss in 2024 is a far cry from the record proft of $34.1 billion it posted in 2022 thanks to surging energy prices following Russia's invasion of Ukraine

Falling coal prices

Asset writedowns push Glencore into $1.6 bn loss for 2024

UK annual inflation jumped more than expected in January

Blow for Starmer

UK annual inflation jumps more than expected

Vietnam's transport infrastructure is considered relatively weak

Strengthening ties

Vietnam parliament approves $8 billion rail link to China

Philips losses were deeper than expected in 2024

Dutch medical device maker

Philips losses worse than expected in 2024

A small number of Starlink dishes are sprining up on houses in the capital, but vendors say take-up is slow

Teaming up with Starlink

Niger turns to satellites to bridge digital divide

HSBC's share price has risen to an 11-year high in Hong Kong

Simple and dynamic

HSBC targets $1.5 bn in annual cost savings after revamp

A truck prepares to enter the United States at a border crossing in Blackpool, Canada, a country which has vowed to hit back if Washington goes ahead with 25 percent tariffs on Canadian imports

US tariffs threat a 'shock' to Canadian businesses

US President Donald Trump announces reciprocal tariffs from the White House Oval Office on February 13, 2025 as Howard Lutnick looks on

Defender of tarifs

US lawmakers confirm Howard Lutnick as commerce secretary

The WTO is upgrading its tariff analysis database and will launch the new version on March 4

World Trade Organization

China condemns US 'tariff shocks' at WTO

The first meeting between top US and Russian diplomats since's Russia's invasion of Ukraine has caused uncertainty in markets

Good day all round

Global stocks unfazed as US and Russia hold talks

Digital giants like Meta have recently muscled in to the world of subsea cables

For artificial intelligence

Meta plans undersea cable to link five continents

US President Donald Trump announces reciprocal tariffs from the White House Oval Office on February 13, 2025 as Howard Lutnick looks on

Wall Street billionaire

US lawmakers due to confirm Howard Lutnick as commerce secretary

The 3,000 jobs to be cut by the end of next year come on top of 7,150 that are due to go by the end of this year

By the end of 2026

German auto supplier Continental to cut 3,000 more jobs

Published in September, Mario Draghi's report starkly illustrated the problems for the European Union because of weak economic growth and low productivity

After Trump tariffs, EU must urgently revamp economy: Draghi

The company is burdened with £16 billion in debt and needs to invest massively to replace dated infrastructure to continue serving its 16 million customers in the London region

Largest water supplier

UK court backs £3 bn loan for indebted Thames Water

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